Japan’s largest bank to introduce own digital currency in fall 2017

Arrived late to the bitcoin party? Fret not, because 2017 might be your year.

In a matter of weeks, the price of bitcoin has already soared by more than 30 percent—from around $450 in May to $690.41 on Tuesday with an estimated 15.66 million bitcoins in circulation. This is the highest value the digital currency has been since September 2014, when the cryptocurrency went on a free fall from its all-time highs of more than $1,000 per single bitcoin.

Experts, like bitcoin entrepreneur Henry Brade, believes this is the best time to invest in the virtual currency, especially since the halving process—which reduces the amount of daily bitcoin created every day from 3,600 to 1,800—is due to start on July 10. Brade expects “the next six months or so” will be crucial for bitcoin as it starts “a new phase of massive price increase” by as much as 10 times.

But what if you don’t want to shell out $700 for a bitcoin? Well, Japan may soon offer a cheaper alternative.